February 7, 2022
For Immediate Release
Real Estate Investment Trust Securities Issuer:
Comforia Residential REIT, Inc
21-1 Dogenzaka 1-chome,Shibuya-ku,Tokyo
Takehiro Izawa
Executive Director
(Code: 3282)
Asset Management Company:
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEO
Inquiries:
Daisuke Kawauchi
General Manager of Strategy Department
Comforia Management Division
(TEL: +81-3-6455-3388)
Notice Concerning Execution of Line of Credit Loan Master Agreement
Comforia Residential REIT, Inc ("CRR") announces that it has today executed a Line of Credit Loan Master Agreement. Details are as follows:
Execution the (uncommitted) Line of Credit Loan Master Agreement
CRR entered into the (uncommitted) Line of Credit Loan Master Agreement with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation on February 7, 2022, in case it needs to raise funds to purchase assets for future investments and other purposes. The (uncommitted) Line of Credit Loan Master Agreement was established since the existing 9 billion (uncommitted) Line of Credit Loan Master Agreement with Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation will be terminated on February 8, 2022.
Term of | Amount of | Repayment | Repayment | |||||
Counter Parties | Borrowing | Use | Collateral | |||||
Agreement | Date | Method | ||||||
Limit | ||||||||
Mizuho Bank, Ltd. | To purchase | |||||||
Sumitomo Mitsui Trust Bank, | February 9, | Less than | additional assets, | |||||
to repay existing | ||||||||
2022 | one year of | |||||||
Limited | Bullet | borrowings and | Unsecured, | |||||
to | 9 billion yen | the | ||||||
Repayment | investment | Unguaranteed | ||||||
MUFG Bank, Ltd. | February 8, | borrowing | ||||||
corporation bonds, | ||||||||
2023 | date | |||||||
Sumitomo Mitsui Banking | and to cover | |||||||
related expenses | ||||||||
Corporation | ||||||||
*Website of CRR: https://www.comforia-reit.co.jp/en/
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Disclaimer
Comforia Residential REIT Inc. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 06:07:04 UTC.